Incubator bubble: Why some start-ups don’t last
Tuesday March 09 2021
Girls in a tailoring session at an incubation centre. Some startups fail is because they ran out of cash.
PHOTOs/Godfrey Lugajju
Summary
Many start-ups don’t survive long after leaving the incubation centre because they have not built a good client base that will be willing to pay for their products. Others lack the capital beyond the incubation centre,
Justus Lyatuu and
Entrepreneurship is the new language around the streets. At least on average three out of six random persons have side hustles that they are grooming into a big dream one day. The drive to a culture of financial independence has alleviated due to a growing support system offered by different sector players.
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Stanbic Business Incubator Awards 350 SMEs Graduates
Stanbic Business Incubator holds its fifth graduation ceremony, 350 graduate from the program. 2 minutes read
In Pictorial (L-R): Samuel Adel; Country Head Mastercard Foundation Uganda, John Walugembe; Executive Director Federation of SMEs, and Tony Otoa; Executive Director Stanbic Business Incubator Limited pose for a photo after the Stanbic Business Incubator graduation ceremony in Kololo. (COURTESY PHOTO)
The Stanbic Business Incubator las week awarded 352 Small and medium-sized enterprises (SMEs) with graduation certificates in enterprise development program after a three-month completion of the training session in business management, capacity building and upskilling programmes.
Speaking at the graduation ceremony held at Kololo, Emma Mugisha, Executive Director and Head, Corporate and Investment Banking at Stanbic Bank said, “For close to three years now, it has been instrumental in enhancing the capacity for thousand